NY attorney general says more evidence banks violated mortgage pact
May 24 (Reuters) – New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.
Schneiderman – who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal – said other states had found similar problems.
“Several other states have identified similar recurring deficiencies by the participating servicers,” Schneiderman said in a letter dated May 23 to the monitor for the settlement, former North Carolina Banking Commissioner Joseph Smith. The letter was obtained by Reuters on Friday.
The $25 billion settlement was brokered last year between five banks and 49 state attorneys general. The other banks are JPMorgan Chase & Co, Citigroup Inc, and Ally Financial Inc. The banks agreed to provide relief to homeowners and comply with a set of servicing standards to atone for foreclosure misconduct.
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@ Hutmaster – Ditto, ditto and ditto! And let me emphasize his motto Fight the Good Fight Every Minute, Every Day! @ Michael, as long as you intent on putting the Lawman as Schneiderman, I think you should also put a laughing mouse there as well! He is likened to a hot balloon – full of hot air who just floats around the issues. Can’t trust the man, never did. He should be more represented as the Lone Ranger with the mask on.
All I have to say is The People KNOW what is being covered up, and WE WILL take these matters into OUR HANDS. WE are MAD AS HELL, and NOT TAKING THIS ANY LONGER!
The systems in place (or suppose to be) to have NEVER allowed these criminals to continue this criminal and frankly SILLY actions, HAVE FAILED!
Well, WE WILL NOT FAIL in our mission to jail ALL those involved in this criminal rape of OUR COUNTRY.
“Fight the Good Fight”
Every Minute, Every Day!